CPC (TDS) has issued a follow up communication to all deductors regarding substantial reduction in the amount of Tax Deposited during the period April 1 to August 31, 2014 as compared with the corresponding period in Financial Year 2013. The issued communication has been given below: Dear Deductor (TAN: ), As per the records of the Centralized…
The duties of person deducting tax at source and the rights of the tax payers has been given below: Duties of person deducting tax at source Deduct Tax at Correct Rate and deposit in Government Account-Sec 200 Every person responsible for deducting tax at source shall at the time of payment or credit of income,…
The tax payers are required to pay their december installment of Advance tax on or before 15th December, 2013. The taxpayers can make payments in the designated branches of the authorized banks, electronically or physically, as per law. The banks are closed on 15th December, 2013, being a Sunday. Therefore, to facilitate payment of this…
As you are aware of it that Form 26AS (Pan Ledger) now can be viewed from new website www.tdscpc.gov.in. Form 26AS shows details of tax deposited by tax payer, tax deducted by deductor, tax collected by deductor and details of refund if any issued by the Income tax department. Every pan holder should register at…
The Government has issued followed clarification regarding Senior Citizens Saving Scheme: An individual resident in Indian of sixty-five years of age or above may furnish a declaration in Form No. 15H to the bank/post office if the tax on his estimated income for the financial year is nil. A declaration in Form No. 15G can…